FuturePay Gives Consumers the Freedom to Buy Online and Pay Later
Laura McQuarrie — April 13, 2016 — Business
References: futurepay
'FuturePay' is a system that eCommerce retailers can implement in order to offer consumers a seamless and friendly financing solution. What makes this system most unique is that consumers can take advantage of the "buy now, pay later" option without having to use a credit card.
This payment option allows consumers to add items to a virtual shopping cart and check out at their leisure. At this stage, FuturePay intervenes and pays a retailer for a consumer's order upfront. On the consumer end, rather than paying the vendor immediately, shoppers will settle the balance on the items in their tab with FuturePay directly.
FuturePay's inventive and easy-to-use system eliminates the need for consumers to enter their credit card details on the small screen of a mobile device and when they are ready, flexible monthly payments can be made.
This payment option allows consumers to add items to a virtual shopping cart and check out at their leisure. At this stage, FuturePay intervenes and pays a retailer for a consumer's order upfront. On the consumer end, rather than paying the vendor immediately, shoppers will settle the balance on the items in their tab with FuturePay directly.
FuturePay's inventive and easy-to-use system eliminates the need for consumers to enter their credit card details on the small screen of a mobile device and when they are ready, flexible monthly payments can be made.
Trend Themes
1. Seamless Financing - FuturePay offers a seamless financing solution for eCommerce retailers, allowing consumers to buy now and pay later without using a credit card.
2. Virtual Shopping Carts - FuturePay integrates with virtual shopping carts, enabling consumers to add items and check out at their leisure before settling the balance with FuturePay.
3. Mobile Payment Convenience - FuturePay eliminates the need for consumers to enter credit card details on mobile devices, providing a convenient and hassle-free payment option.
Industry Implications
1. Ecommerce - FuturePay's system is designed specifically for eCommerce retailers to enhance the buying experience and streamline the payment process.
2. Fintech - FuturePay operates at the intersection of finance and technology, offering innovative solutions for online payments and financing.
3. Mobile Commerce - FuturePay's mobile payment convenience aligns with the growing trend of mobile commerce, providing a frictionless checkout process for consumers.
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